Gerstner reveals Altimeter reduced net exposure from 93% at year start to 60% currently.
“For us, our our net exposure today is 60%. Like I said, we started the year at 93.”
Gerstner reveals Altimeter is 60% net long, with six of ten dollars at risk in the market.
“Our net exposures are 60%. What does that mean again? Reminder for folks at home. That means I have six out of ten dollars at risk long the market in our hedge fund.”